"TechCrunch understands that in addition to David Nicol Williams, the co-founder and CEO of BLiNQ, Gannett was also interested in startup’s engineering team, led by CTO, Luis Caballero, who had also built up the engineering team at Vitrue. (Both companies are based in Atlanta, Georgia, which it turns out is something of a hotbed for social media marketing. Who knew?) TechCrunch understands that like Vitrue, BLiNQ has some IP that it is patenting. BLiNQ’s is centered around media optimization algorithms."

"We make it easy for big brands and agencies to produce break-through results on social networks, such as Facebook. Right now, it is very difficult to effectively manage and optimize large-scale social media ad campaigns on Facebook and other social networks. We are solving this challenge with a powerful and easy-to-use media management solution. Our technology solution is called BLiNQ Ad Manager (BAM) and is in private beta release right now."

Considering the recent acquisitions of Vitrue, Buddy Media and Wildfire, the social ad space could not be hotter. What will be interesting to see is if the $92 million price tag reported by TechCrunch turns out to be true. The ceiling may be getting lower for social ad platforms riding the Facebook Ad API wave.